Closing Costs

CLOSING COSTS: WHO PAYS WHAT
THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS

PROCESS

1. DOWNPAYMENT
2. TERMITE INSPECTION
3. PROPERTY INSPECTION
4. PROPERTY REPAIRS, IF ANY
5. NEW LOAN ORIGINATION FEE
6. DISCOUNT POINTS
7. DOCUMENT PREPARATION FEE
8. CREDIT REPORT
9. APPRAISAL OR EXTENSION FEE
10. INTEREST PRORATION ON SELLER’S EXISTING LOAN
11. EXISTING LOAN PAYOFF
12. EXISTING LOAN PAYOFF DEMAND
13. LOAN PREPAYMENT PENALTY
14. NEXT MONTH’S PITI PAYMENT
15. PREPAID INTEREST
16. MORTGAGE TRANSFER FEE
17. RESERVE ACCOUNT BALANCE
18. FHA MIP, VA FUNDING FEE, PMI PREMIUM
19. ASSESMENTS PAYOFF OR PRORATION
20. TAXES
21. TAX IMPOUNDS
22. TAX SERVICE CONTRACT
23. FIRE/HAZARD INSURANCE
24. FLOOD INSURANCE
25. HOA TRANSFER FEE
26. SELLER
27. CURRENT HOA PAYMENT
28. NEXT MONTHS HOA PAYMENT
29. HOME WARRANTY PREMIUM
30. REALTORS® COMMISSIONS
31. EAGLE HOMEOWNERS TITLE POLICY
32. LENDERS TITLE POLICY
33. ACCOUNT SERVICING SET-UP FEE
34. ESCROW FEE
35. RECORDING FEES
36. RECONVEYANCE FEE
37. COURIER/EXPRESS MAIL FEES
38. WIRE FEES
39. EMAIL LOAN DOCUMENTS

CASH

BUYER

BUYER
SELLER






SELLER
SELLER
SELLER





SELLER
PRORATE


BUYER

SPLIT
SELLER
PRORATE
BUYER

SELLER
BUYER


SPLIT
SPLIT
SELLER
SPLIT
SPLIT

CTM

BUYER

BUYER
SELLER



BUYER

SELLER



BUYER

SPLIT
PRORATE
PRORATE
SELLER
PRORATE


BUYER

SPLIT
SELLER
PRORATE
BUYER

SELLER
BUYER

BUYER
SPLIT
SPLIT

SPLIT
SPLIT

FHA

BUYER

BUYER
SELLER
BUYER
BUYER
SELLER
BUYER
BUYER

SELLER
SELLER
SELLER
BUYER
BUYER

PRORATE
BUYER

PRORATE
BUYER
SELLER
BUYER
BUYER
SPLIT
SELLER
PRORATE
BUYER

SELLER
BUYER
BUYER

SPLIT
SPLIT
SELLER
SPLIT
SPLIT
BUYER

VA

BUYER
SELLER
BUYER
SELLER
BUYER
SELLER
SELLER
BUYER
BUYER

SELLER
SELLER
SELLER
BUYER
BUYER

PRORATE
BUYER

PRORATE
BUYER
SELLER
BUYER
BUYER
SELLER
SELLER
PRORATE
BUYER

SELLER
BUYER
BUYER

SELLER
SPLIT
SELLER
SELLER
SELLER
SELLER

CONV

BUYER

BUYER
SELLER
BUYER
BUYER
BUYER
BUYER
BUYER

SELLER
SELLER
SELLER
BUYER
BUYER

PRORATE
BUYER

PRORATE
BUYER
BUYER
BUYER
BUYER
SPLIT
SELLER
PRORATE
BUYER

SELLER
BUYER
BUYER

SPLIT
SPLIT
SELLER
SPLIT
SPLIT
BUYER